Some initial considerations for the review of the Bali Management Procedure in 2017.

Some initial considerations for a review of the current management procedure (MP; “Bali procedure”) scheduled in 2017 are presented. This review must include consideration of the indices required, the stock level attained by that time, and trends in regard to meeting the rebuilding target. Furthermore, the future availability of the indices required for any proposed procedure is very important to consider, including as regards the continuing use of the current MP. Several alternatives to the current MP are considered in terms of data quality, the cost of alternative indices, the future availability of data, the development cost and the time required.